Government Guarantees  Foreign Finance
Government Guarantees  Foreign Finance

Iranian Gov't Guarantees Foreign Finance

Iranian Gov't Guarantees Foreign Finance

According to a directive issued by the Cabinet, Economy Minister Ali Tayyebnia has been authorized, on behalf of the government, to guarantee the repayment of the principal amount plus the interest of finance taken from foreign banks, export insurance firms and international development institutions, Banker.ir reported.

The guarantees will only be issued for projects that are in line with current regulations and approved by the government’s Economic Council.

The projects should be deemed eligible by the Planning and Budget Organization of Iran in the case of public projects while private projects should comply with Public Audit Law as well.

Short URL : https://goo.gl/oueKCj
  1. https://goo.gl/QXi3Iw
  • https://goo.gl/cFvH2S
  • https://goo.gl/OoYk5o
  • https://goo.gl/adN5MI
  • https://goo.gl/mOIcjf

You can also read ...

Mental Health Investment: The Economic Case
The link between mental health and economic productivity is...
Bloom and billet sales made up the lion’s share of KSC’s sales.
Iran’s largest steel exporter Khouzestan Steel Company...
IZMDC’s Zinc Output Tops 8,000 tons
Iran Zinc Mines Development Company’s subsidiaries produced a...
Carmakers Pile Into Europe Scrappage Offers
Renault-Nissan and Kia are the latest car companies to launch...
Banks will now draft a single set of balance sheets that adhere to CBI’s IFRS-based templates.
Minister of Economic Affairs and Finance Masoud Karbasian and...
Ikarus buses were popular in Iran during 1990s.
Hungarian bus manufacturer Ikarus is set to re-enter Iran...
Plan to Make Home Loans More Affordable
The administration of President Hassan Rouhani is mulling new...
IRICA Chief  in Turkey
Foroud Asgari, the new head of the Islamic Republic of Iran...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.